NEW YORK, March 2, 2015 /PRNewswire/ -- The Deal, TheStreet's (NASDAQ: TST) institutional business, announced the results of their first-time rankings of the top investment banks, law firms and restructuring advisers involved in out-of-court restructurings. Data collected captures advisers to distressed companies that have announced financial restructuring over the past two years.

http://photos.prnewswire.com/prnvar/20130305/NY70755LOGO

"The out-of-court restructuring league tables are a major milestone for the Deal and important for the restructuring community, as it's a big part of the business. I'm really excited that we are now able to capture out-of-court advisory work with these tables," said The Deal's senior editor Jamie Mason. "While there has been a slowdown in bankruptcy filings in recent years, there is still activity in the restructuring space as companies are starting to deal with their troubles earlier, in the hopes of resolving their issues either outside of court or through a quick prepackaged bankruptcy filing."

League Table highlights:


    --  Houlihan Lokey Inc. was the top financial adviser to distressed company
        with 38 deals, while Lazard Ltd. was ranked second with 24 deals. Moelis
        & Co. LLC was the top financial adviser to creditors with 16 deals,
        while Houlihan Lokey Inc. was second with 11 deals.
    --  Amongst law firms, Kirkland & Ellis LLP and Latham & Watkins were tied
        for the top counsel to distressed company with 19 deals each. Latham &
        Watkins was also ranked first, with 34 deals, for the top counsel to
        creditor. Milbank, Tweed, Hadley & McCloy LLP was ranked second with 7
        deals.
    --  FTI Consulting Inc. and Alvarez & Marsal LLC ranked first and second,
        respectively, as the top restructuring advisers to both distressed
        company and creditors. FTI Consulting Inc. had 12 deals as the adviser
        to distressed company, while Alvarez & Marsal LLC had 8. As the top
        restructuring adviser to creditors, FTI Consulting had 3 deals, while
        Alvarez & Marsal LLC had 2.

The full suite of rankings is available now on The Deal, the transaction information service powered by The Deal's newsroom and the full report is also available online.

About The Deal's Out-of-Court Restructuring League Tables
 The Deal's Out-of-Court Restructuring league tables are based on distressed companies that have announced financial restructurings over the past two years. Minimum requirements for inclusion include: announcement date between January 1, 2013 through December 31, 2014; at least one (1) piece of debt amount stated (bond, note, loan, credit facility, etc.); credit facility security (secured or unsecured); and name of the distressed company. Roles in the league tables will be: legal advisory, financial advisory and other advisory (including Public Relations or Restructuring Advisor).

About The Deal
 The Deal is a media and relationship capital company providing over 100,000 users with business opportunities sourced from proprietary deal news and a relationship discovery tool. Law firms, investment banks, private equity and hedge funds use The Deal's insight and analysis about potential and announced transactions to find their next deal and BoardEx's service and database for building relationships. The Deal is the institutional arm of TheStreet, Inc. and has offices in New York, London, Washington, D.C., Petaluma, CA and Chennai, India. For more information, visit www.thedeal.com.

Logo - http://photos.prnewswire.com/prnh/20130305/NY70755LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-deal-announces-inaugural-out-of-court-restructuring-league-tables-300043722.html

SOURCE TheStreet, Inc.